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Calvin’s Nails

Summary

Calvin’s Nails is a salon offering manicures and pedicures located at 4208 Winchester Road that has experienced at least a 25% drop in revenue as a result of COVID-19. The owner closed the business completely in early-March to protect staff. One full time and four part time employees have been out of work since March. The monthly rent of $1,350 has continued to be paid with no revenue coming in.
Stabilization and Recovery Plan:
• Wants to reopen as appointment only with no waiting
• Worked out rent deferment for re-opening period and payment arrangements with MLGW for back utility bills
• Planning direct mail campaign promoting re-opening
• Applied for but has yet to receive PPP and EIDL
NEED Grant funds will be used to purchase protective equipment in preparation for reopening and supplement fixed costs moving forward.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

8/28/2020

Calvin’s Nails

4208 Winchester Road, Memphis, TN 38118